Former US Secretary of Treasury Lawrence Summers has praised bitcoin technology in a speech given at the American Museum of Finance on Wall Street in New York. He spelled name of the founder of Bitcoin as “Nakatomi”, but few people noticed, focusing instead on the message of the speech, which attracted the attention of the New York Times Dealbook.
The bitcoin event scheduled for March 14th on the island of Dominica has been cancelled due to the lack of “logistical support”, organizers explained.
MyCoin customers allegedly lost about $8 million and not over $300 million as previously reported by the media. The amended estimate was issued after 43 MyCoin customers had filed reports to the local police on February 11th.
A member of the New York City Council is introducing a bill that would allow city residents to pay fees and fines in bitcoins.
Mycelium, a bitcoin wallet previously available on the Google Play store, has been blocked. Developers are trying to work out why this happened. Company representatives are asking potential customers in a Reddit thread to download the app directly from the Mycelium website.
According to an article in the International Business Times, weapons, ammunition, and information for the civil war in Eastern Ukraine are bought with bitcoin on the dark web.
Universal Air Travel Plan, Inc. (UATP) has agreed a partnership with Bitnet that would allow more than 260 international airlines to accept bitcoin payments.
The Hong Kong monetary and banking government authority has issued a statement commenting on the disappearance of MyCoin clients’ funds and warning people against using bitcoin.
Coinbase, a bitcoin exchange and wallet, have announced that they will stop supporting their “tipping button”, although, as they claim, it was a popular service. They explained this move by their desire to show support and encouragement to ChangeTip, a competing provider of tipping functionality.
The Panama-based bitcoin company thinks it can help people from countries with poorly performing national currencies.
BitPesa, a Kenya-based bitcoin remittance service, has raised $1.1 million to develop its services and expand in Africa.
Chaoji Li, an independent Chinese developer, has created an iOS app that allows users to save “digests” of important documents in the blockchain. This is not the first attempt to use the public ledger as a kind of cloud storage service – in 2014, BlockSign introduced a similar option.
Brothers Rohani from Isfahan in Iran have shared their experience of overcoming sanctions with the help of bitcoin with The Village, a Russian media outlet.
Bitcoin exchange in South Africa will increase confidence in Nigerian products, entrepreneurs believe
Ice Cubed and VoguePay suggest to use bitcoin “more as control of currency as opposed to be a currency in itself”. “The idea is to have people in the international community be confident of buying products from a Nigerian supplier and knowing that … credit card details aren't going anywhere,” Gareth Gobler, ICE3X founder told IamSatoshi.
According to local news, investors might have lost more than $300 million in a bitcoin exchange crash. One Bitcointalk user believes that the figures are grossly exaggerated and estimates the losses at $65,000 at most.
Cryptocurrencies are ‘surrogate money’, according to a new draft of the cryptocurrency law proposed in Russia. Gift certificates, air miles, and other marketing bonuses are not.